Zacks Research Brokers Increase Earnings Estimates for Public Service Enterprise Group Incorporated (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) – Equities researchers at Zacks Research increased their FY2025 EPS estimates for Public Service Enterprise Group in a research note issued on Tuesday, March 26th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $3.93 per share for the year, up from their previous forecast of $3.90. The consensus estimate for Public Service Enterprise Group’s current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Public Service Enterprise Group’s Q4 2025 earnings at $0.69 EPS.

Several other equities analysts have also issued reports on PEG. Morgan Stanley reaffirmed an “overweight” rating and issued a $70.00 price target (up previously from $61.00) on shares of Public Service Enterprise Group in a research report on Monday. Royal Bank of Canada upped their price target on shares of Public Service Enterprise Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets reduced their price target on shares of Public Service Enterprise Group from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price objective on Public Service Enterprise Group from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, December 1st. Finally, Wells Fargo & Company upped their price target on Public Service Enterprise Group from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $66.38.

Public Service Enterprise Group Stock Performance

Shares of PEG stock opened at $66.65 on Thursday. Public Service Enterprise Group has a 12 month low of $53.71 and a 12 month high of $66.65. The stock has a market cap of $33.23 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average price is $60.99 and its 200-day moving average price is $61.12.

Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. Public Service Enterprise Group had a net margin of 22.81% and a return on equity of 11.53%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share.

Public Service Enterprise Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, March 7th. This is a boost from Public Service Enterprise Group’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.60%. Public Service Enterprise Group’s dividend payout ratio is currently 46.78%.

Insider Buying and Selling

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,800 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $64.18, for a total value of $308,064.00. Following the sale, the senior vice president now owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ralph A. Larossa sold 1,374 shares of Public Service Enterprise Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.00, for a total value of $86,562.00. Following the completion of the sale, the chief executive officer now owns 153,721 shares of the company’s stock, valued at $9,684,423. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Richard T. Thigpen sold 4,800 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $64.18, for a total value of $308,064.00. Following the completion of the sale, the senior vice president now directly owns 31,122 shares of the company’s stock, valued at approximately $1,997,409.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,574 shares of company stock valued at $419,108. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Public Service Enterprise Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockline Wealth Management LLC bought a new position in Public Service Enterprise Group in the 4th quarter worth approximately $1,185,000. PATRIZIA Pty Ltd bought a new position in Public Service Enterprise Group during the 4th quarter valued at $5,158,000. Xponance Inc. lifted its position in shares of Public Service Enterprise Group by 4.6% during the 3rd quarter. Xponance Inc. now owns 64,223 shares of the utilities provider’s stock valued at $3,655,000 after acquiring an additional 2,825 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Public Service Enterprise Group by 97.7% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 140,087 shares of the utilities provider’s stock valued at $8,566,000 after acquiring an additional 69,236 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Public Service Enterprise Group by 58.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,477 shares of the utilities provider’s stock valued at $22,620,000 after acquiring an additional 146,463 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs.